Bitcoin isn’t the only cryptocurrency on a hot streak—plenty of alternative currencies have enjoyed rallies alongside the Epic Bitcoin Bull Run of 2017. One of the most intriguing examples is also among the most obscure in the cryptocurrency world. Called IOTA, it has jumped in total value from just over $4 billion to more than $10 billion in a little over two weeks. But that isn’t what makes it interesting. What makes it interesting is that it isn’t based on a blockchain at all; it’s something else entirely.
The rally began in late November, after the IOTA Foundation, the German nonprofit behind the novel cryptocurrency, announced that it was teaming up with several major technology firms to develop a “decentralized data marketplace." BUT Cryptocurrency remains confusing and challenging for the average person to acquire and manage, much less sell. And the protocols that underline bitcoin and other mainstream cryptocurrencies like Ethereum suffer significant scalability and transaction bottleneck issues. Visa currently processes about 3,674 transactions per second; the best bitcoin network might be able to handle seven per second.
However, you have already made up your mind and do not want to miss out on the crypto momentum craziness its passing right in front of you correct? You need a strategy; you need a spark to grab cryptocurrencies with some logic fundamentals that can make you sleep better at night without making you feel bad. The truth is you will feel bad if you invest and you will also feel bad if you do not. So...let´s buy cryptocurrencies by knowing something others do not.
If we agree that there is little to no information, no history and no correlations we can follow to make educated guesses and also cryptocurrencies have no earnings any dividends and no cash flow what can we base our investment decisions? The only piece of information that can be a close indication of how hot a specific cryptocurrency is might be what Google can tell us about what people search about and focus their interest over time.
From the chart above you can see that Bitcoin is top of mind, but it has reached a peak and is beginning to flat around the top.
In the last 12 months Ethereum has become very popular in China, but Bitcoin remains No. 1 across the world. I can not help to ask why China would be more interested in Ethereum than interested in Bitcoin? Bitcoin is the most popular cryptocurrency worldwide, but is showing signs of weakness in share of interest. I am intrigued by Ethereum and it might be worth looking into why China is so interested in it, but i will not base my investment decision on the shoulders of China and last but not least Litecoin has a strong uptrend in popularity and northamerica seems to be behind this cryptocurrency and its one of the most affordable options in the market right now. In conclusion, Litecoin; buy,buy,buy
From the chart above you can see that Bitcoin is top of mind, but it has reached a peak and is beginning to flat around the top.
In the last 12 months Ethereum has become very popular in China, but Bitcoin remains No. 1 across the world. I can not help to ask why China would be more interested in Ethereum than interested in Bitcoin? Bitcoin is the most popular cryptocurrency worldwide, but is showing signs of weakness in share of interest. I am intrigued by Ethereum and it might be worth looking into why China is so interested in it, but i will not base my investment decision on the shoulders of China and last but not least Litecoin has a strong uptrend in popularity and northamerica seems to be behind this cryptocurrency and its one of the most affordable options in the market right now. In conclusion, Litecoin; buy,buy,buy
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